Some excerpts from an American Financial Report - ‘In 2005 we began warning about Britain’s dangerous debt burden. The Financial Times and Daily Mail couldn't refute our research but they weren't ready to accept the enormity of its conclusions.’ And ‘Despite David Cameron’s talk of austerity he’s going to add an estimated £700 billion to the national debt in five years. That’s more than Tony Blair and Gordon Brown added to the national debt in eleven years.’ Looking at UK finances as a whole the Coalition isn’t cutting anything. State spending, national debt and interest payments are all going up. By 2015 UK national debt is estimated to be almost £1.4 trillion.’ Wednesday 24th July’s Guardian reported, ‘the debt to GDP ratio in the Eurozone has reached a new record of 92.2% as high unemployment, tumbling trade flows and a prolonged recession in the single currency bloc take their toll. - The UK's ratio is the seventh largest in the EU, at 88.2%, level-pegging with Spain.’ Source: ukpublicspending.co.uk
Pray: for the UK’s bankers, financiers, commerce and industry leaders humbly to know God’s way forward and wisely and honestly to appraise 2013’s financial challenges. (2Ch.7:14)